GPL Research shapes 2016 US Federal budget by Solomon Hsiang

The American Climate Prospectus was cited in President Obama's proposed budget for 2016.  One key feature of the budget highlighted by the White House was its strong focus on evaluating and managing climate change as a fiscal issue. There is an entire section of the budget on "Federal Budget Exposure to Climate Risk" which states:

The global climate is changing and is projected to continue to change over this century and beyond.1 Climate change impacts—such as rising sea level and more frequent and intense extreme weather events—will increasingly strain the Federal budget. The ability of policymakers to make smart investment decisions and to steward the Federal budget over the long term is increasingly dependent on understanding the Federal Government’s exposure to climate risks.

Report on the Economic Risks of Climate Change by GlobalPolicyLab Member

Solomon Hsiang, Amir Jina, James Rising, and colleagues published a major report--The American Climate Prospectus--providing the first detailed assessment of the economic risks posed by climate change to the US economy. The analysis was the foundation of the Risky Business report, published simultaneously by Michael Bloomberg, Hank Paulson, Tom Steyer, and colleagues.

Read the Berkeley press release.

Read the American Climate Prospectus.

Read the Risky Business Report.